The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets.
FUNDAMENTALS
* Malaysian palm oil futures rose 2 percent on Tuesday, a second consecutive session of gains on stronger export demand and expectations of weaker production. POI/
* U.S. soybean futures 0#S: rose about 1 percent on Tuesday, notching their second straight session of gains, as investors bought back short positions amid extended forecasts for warm and dry weather in Argentina, traders said. GRA/
* Oil prices surged to 2-1/2-year highs and U.S. crude touched $60 a barrel in light trading volume on Tuesday, boosted by news of an explosion on a Libyan crude pipeline as well as voluntary OPEC-led supply cuts. O/R
MARKET NEWS
* Oil prices were supported around a 2-1/2 year top on Wednesday after an explosion of a Libyan crude pipeline sparked supply fears while gold and copper hovered near multi-week highs, boosting commodity- and energy-linked shares around Asia. MKTS/GLOB
RELATED > Rains to help planting in Argentina grains belt -analysts > Egypt's vegetable oil reserves at 3 months, sugar at 5 > Russia approves exports of 500,000 T of grain from reserves in 2017/18 > China Nov ethanol imports second highest this year; down 91 pct y/y > Cargo surveyor ITS releases Malaysia's Dec 1-31 palm oil export data on Jan 2. > Cargo surveyor SGS releases Malaysia's Dec 1-31 palm oil export data on Jan 2.
* For a table on Malaysian physical palm oil prices, including refined oil, Reuters Terminal users can double click on or type MYPALM/FLAT .
* To view freight rates from Peninsula Malaysia/Sumatra to China, India, Pakistan and Rotterdam, please key in OILS/ASIA2 and press enter, or double click between the brackets.
* Reuters Terminal users can see cash and futures edible oil prices by double clicking on the codes in the brackets: To go to the next page in the same chain, hit F12. To go back, hit F11.
Palm, soy and crude oil prices at 0116 GMT Contract
Month
Last Change
Low
High Volume MY PALM OIL
JAN8
0
+0.00
0
0
0 MY PALM OIL
FEB8
0
+0.00
0
0
0 MY PALM OIL
MAR8
0
+0.00
0
0
0 CHINA PALM OLEIN MAY8
5240 +66.00
5192
5242 171130 CHINA SOYOIL
MAY8
5704 +38.00
5656
5706 153250 CBOT SOY OIL
MAR8
33.48
+6.30
33.37 33.53
862 INDIA PALM OIL
DEC7
556.00
+6.30 548.10 556.5
1354 INDIA SOYOIL
JAN8
723.5
+5.15
714.8 723.9
25200 NYMEX CRUDE
FEB8
59.73
-0.24
59.67 59.86
5191 Palm oil prices in Malaysian ringgit per tonne CBOT soy oil in U.S. cents per pound Dalian soy oil and RBD palm olein in Chinese yuan per tonne India soy oil in Indian rupee per 10 kg Crude in U.S. dollars per barrel
Vegetable oils
-- OILS/ASIA1 Malaysian palm oil exports
-- SGSPALM1
CBOT soyoil futures
-- 0#BO:
CBOT soybean futures
-- 0#S:
Indian solvent
-- SOLVENT01 Weekly Indian vegetable oils
-- OILS/IN
Dalian Commodity Exchange
-- DC/MENU
Dalian soyoil futures
-- 0#DBY:
Dalian refined palm oil futures -- 0#DCP:
Zhengzhou rapeseed oil
-- 0#COI:
European edible oil prices/trades -- OILS/E